• Senior Credit Risk Analyst

Senior Credit Risk Analyst in London

Location: London

Salary: Hidden

Recruiter: AXA Group

Date Advertised: 2024-06-24

Senior Credit Risk Analyst

Zurich, London or Paris

The Senior Credit Risk Analyst within the Reinsurance Security Department (RSD) will be responsible for performing the counterparty credit risk assessment for Global Programs (including underlying captives) and Facultative reinsurance placements for the UK, Europe and Asia Pacific region.Will provide credit solutions to mitigate current and potential credit risk exposures across the portfolio while remaining in compliance with AXA XL’s Credit Risk Management Framework.

DISCOVER your opportunity

What will your essential responsibilities include?

  • Assess the stand-alone financial performance and creditworthiness of counterparties on Global Programs and Facultative reinsurance placements for the UK, Europe, and Asia Pacific region.
  • Recommend optimal credit solutions and risk rebalancing strategies to mitigate and diversify counterparty credit risk exposures.
  • Support the preparation of monthly and quarterly reports on transaction referrals, collateral,security instruments, and other key data.
  • Support and liaise with AXA Group Risk Management on the Short-Term Economic Capital (STEC) requirements for reinsurer credit risk and validate use of RSD internal ratings.
  • Assist the Credit Security Officer in the aggregation and variance analysis of AXA XL’s external reinsurance recoverables by legal entity.
  • Participate in training presentations to AXA XL underwriting community to support implementation of sound reinsurance security practices.
  • Support the Credit Security Officer on special ad-hoc projects within the Risk Management and Ceded Re function.

    • You will report to the Credit Security Officer who is based in Zurich.

    SHARE your talent

    We’re looking for someone who has these abilities and skills:

    Required Skills and Abilities:

  • Qualification in Finance, Accounting or Economics with other professional certifications a plus.
  • Extensive relevant work experience, in a financial role preferably from another insurer/reinsurer or a bank/financial institution.
  • Detail-oriented team player with good analytical and problem-solving skills.
  • Outstanding English communication skills required. Fluency in German and/or French a plus.
  • Comfortable in a rapidly changing, dynamic environment.
  • Proficiency in Excel, Word, PowerPoint, Access, and Visual Basics.
  • Limited travel may be required

    • Desired Skills and Abilities:

  • Good understanding and knowledge with in/reinsurance agreements, collateral instruments (, Stand-by Letters of Credit (SBLC), Bank Guarantees (BG) and other legal financial contracts or documentation.

    • FIND your future

    AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

    How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

    With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

    Inclusion & Diversity


    Read More

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